GTE FCU this week reopened its St. Charles Parish branch in Boutte, La., just southwest of New Orleans. It is in the process of opening its branch inside City Hall, but is unsure when it will open two other branches in New Orleans that were hard hit by Hurricane Katrina. Before the storm, 27 GTE FCU employees worked in the Louisiana branches. Ten of those employees have since relocated temporarily or permanently to GTE FCU headquarters in Tampa, or to other Florida locations.
Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
B2 Bank in Minnesota, which recently exited a regulatory action in connection with its banking-as-a-service business, announced the hires of a new CEO and two other senior executives.
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
Western Union CEO Devin McGranahan said at the Digital Asset Summit in New York that stablecoins were a great way to earn float revenue on money moving through its network. But the possibilities didn't end there.
The payment firm's P2P app, which has only been available in the U.S., will provide a new lane for remittances and other cross-border payments.
Capital One's Andy Ozment urges banks to break down internal silos and implement rigorous checks to catch nation-state impostors hiding in remote roles.
